Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1887-07-15
RAILROAD MATTERS.
The Vermont and New Hampshire Rail-
ROAD CenIral Vermont Srheme

The Vermont and New Hampshire Rail-
road-A Central Vermont scheme.
Concord despatch says n new feature |
has been introduced into the railroad
problem of New Hampshire, or rather an
Old one has been revived, by which it is
to cover, practically, the same
ground which the famous Forest Line"
was chartered to cover 1t is, evidently,
a Central Vermont and Fitchburg project
and opposition to the Boston and Maine
system. A bill entitled Gan act to incor
porate the Vermont and New Hampshire
railroad" has been introduced in the New
Hampshire Legislature, the passage of
which will be urged by friends of the Cen
trail Vermont railroad, and it is under
stood that Hon. j. Gregory Smith president
of the road will appear before the com
mttee in its behalf. A preamble to the
bill says the largely and rapidly III
creasng traffic Of the Central Yer
mont railroad passing through New
hampshire is of great Importance to All
the commercial and industrial interests OF
that State. and it is for the interests of thu
state to promote and encourage by ali
reasonable and legitimate means the de
velOpment of said traffic in order to build
up and strengthen the MAJ eral interests
of this commonwealth, and with this Oh
ject III view, aud for the purpose of pre-
venting any unjust discrimination against
said traffic, and to encourage its increase
the Central Vermont has petitipned fol-
the Incorporation OF company to cOu-
Struct railway to connect with these
railroads
The bill provides that the corporation
shalt be known by the name of the Yer
mont and New Hampshire railrJu", w.t.
all the rights and privileges, Liabilities
and duties by the laws of the State ihci
dent to railroad corporations The COR.
poration is authorized to locate build and
maintain a railroad not exceeding SIX
rods in width, with necessary additions
for cuttings and embankmcnts, from any
point on the west bank of Connecticut
river, in the counties OF sullivan and
Cheshire through any towns in the
cOuntiesof sullivan, Cheshire and Hills
DorO' to any point or points in the last
two named counties in the south line OF
the state. or to connect with my rHlt GA"
in said counties. Aud said corporation i,
hereby authorized tOcoustruc, Il bridge, or
bridges across tue Connecticut river
within the limits Of this grant provided
the same shall be 80 constructed as not to
unnecessarily impede the navigation OF
said river, aud, further, that said corpora
ton shall not hold any more land eNclu
sve of what is Within the limits Of its
IOWl; anu ItCeeStIN IOE procuring SiOiit
and gravel ana for machine shops aud
depot accommodations, that shall be
worth at the time of its purchase > per
cent of its capital stock. The capital
stock shall consist of not less than 1000
and not more than $4,000 shares Of the par
value of 500 each, and the direction ot
affairs and government shall Toe vested IN
a board OF seven directors.
The corporation is authorized 10 lea-e
L. road TO the Central Vermont Railroad
company or TO any railroad corporation
established under the Laws OF The state,
and connecting with the same, and sad
corporation is authorized To make such
other contracts in relation 10 the use and
occupation OF its railroad as to the direc-
tors thereof may DE deemed tXpedient to
accommodate the travel and travel upon
he same.
The Present status of the Baltimore and
Ohio enl-Jay Gould's Option.
The present status of the Baltimore and
Ohio deal is as follows Robert Garrett
has notified Ives and Staynor that he is
dissatisfied with the manner in which
they complied with the terms of contract
and that unless they meet their engage
ments promptly the negotiations will be
declared at an end. Ives and StayuoI
have been in neSOtlatlon with Gould IL
take the Baltimore and Ohio telegraph
| line Off their hands. A difference of $500
600 existed between them. 1t is now con
coded that they have waived this, so that
Mr.. Gould can obtain the property at his
own price if he desires it. Messrs
Ives and Staynor have been wait
ing upon Mr.. Gould in the matter, anC
that gentleman appears to be in no hurry
| to make known his intention. 1t is he
| lieved, however, something definite vii
result this week. Mr.. Gould VIII either
avail himself OF his option or decline it
Mr.. Garrett would have Withdrawn from
the trade some time ago if he had not 5,
greatly compromised himself The loans
made by Ives and Staynor have thus fal
been facilitated by Mr.. Gould. 1t is essen
tai to the best interests of the market tina
this detail should be settled promptly anC
definitely.
For the purpose of connecting Green
wlch and North Granville, near the Yer
mont State line, by railroad, the Washing
ton County Railroad COMPANY has beef
Incorporated with a capital of Sl.450,00O
consisting OF IA, 800 shares of 500 each
The distance is 36 miles. wholly within tn
county of Washington, n. y.
Through their control OF the Fitchbur
road the New York Central proposes t
have a through line of their own from
New y ork to Saratoga after building
short track from the Fitchburg to conneC
with the Saratoga branch. AT present tn
only access to Saratoga is by way of tn
Delaware and Hudson.
HISONE CHANCE FOR LIFE.
How IA Westford Veteran Crossed the deaf
Line and Libby"